WO2000075848A8 - Method and system for differential index bidding in online auctions - Google Patents

Method and system for differential index bidding in online auctions

Info

Publication number
WO2000075848A8
WO2000075848A8 PCT/US2000/040127 US0040127W WO0075848A8 WO 2000075848 A8 WO2000075848 A8 WO 2000075848A8 US 0040127 W US0040127 W US 0040127W WO 0075848 A8 WO0075848 A8 WO 0075848A8
Authority
WO
WIPO (PCT)
Prior art keywords
index
bidding
differential index
online auctions
bidders
Prior art date
Application number
PCT/US2000/040127
Other languages
French (fr)
Other versions
WO2000075848A2 (en
Inventor
Sam E Kinney Jr
Vincent F Rago
Glen T Meakem
Robert G Stevens
David J Becker
Anthony F Bernard
William D Rupp
Daniel C Heckman
Julia L Rickert
David M Sobie
Original Assignee
Freemarkets Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Freemarkets Inc filed Critical Freemarkets Inc
Priority to AU61197/00A priority Critical patent/AU6119700A/en
Publication of WO2000075848A2 publication Critical patent/WO2000075848A2/en
Publication of WO2000075848A8 publication Critical patent/WO2000075848A8/en

Links

Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce
    • G06Q30/06Buying, selling or leasing transactions
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00Commerce
    • G06Q30/06Buying, selling or leasing transactions
    • G06Q30/08Auctions
    • GPHYSICS
    • G06COMPUTING; CALCULATING OR COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

L'invention concerne un procédé et un système permettant à une pluralité de soumissionnaires potentiels d'organiser une vente aux enchères électronique en ligne sur la base d'offres à indices différentiels. L'initiateur de la vente aux enchères spécifie un ou plusieurs indices destinés à servir de base pour l'établissement d'un niveau de prix compétitif. Cet indice peut être un indice du marché publié, ou un ensemble de prix d'exclusivité élaboré par l'acheteur. Les soumissionnaires expriment leurs offres en termes de pourcentage ou de quantité absolue du ou des indices. L'initiateur de la vente aux enchères compare ensuite les offres soumises et fournit un retour d'informations aux soumissionnaires.A method and system are provided for a plurality of potential bidders to organize an online electronic auction based on differential index bids. The initiator of the auction specifies one or more indices intended to serve as a basis for establishing a competitive price level. This index can be a published market index, or a set of exclusive prices drawn up by the buyer. Tenderers express their offers in terms of percentage or absolute quantity of the index (s). The auctioneer then compares the bids submitted and provides feedback to the bidders.

PCT/US2000/040127 1999-06-08 2000-06-07 Method and system for differential index bidding in online auctions WO2000075848A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU61197/00A AU6119700A (en) 1999-06-08 2000-06-07 Method and system for differential index bidding in online auctions

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US09/327,600 US6564192B1 (en) 1999-06-08 1999-06-08 Method and system for differential index bidding in online auctions
US09/327,600 1999-06-08

Publications (2)

Publication Number Publication Date
WO2000075848A2 WO2000075848A2 (en) 2000-12-14
WO2000075848A8 true WO2000075848A8 (en) 2001-11-08

Family

ID=23277224

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2000/040127 WO2000075848A2 (en) 1999-06-08 2000-06-07 Method and system for differential index bidding in online auctions

Country Status (3)

Country Link
US (1) US6564192B1 (en)
AU (1) AU6119700A (en)
WO (1) WO2000075848A2 (en)

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Publication number Publication date
WO2000075848A2 (en) 2000-12-14
AU6119700A (en) 2000-12-28
US6564192B1 (en) 2003-05-13

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